EarningsQ2 2026 Earnings Report
MX:HST Q2 2026 EPS Results
Actual EPS$6.36
Consensus EPS$6.17
Beat/MissBeat by +$0.18
One Year Ago EPS$5.81
MX:HST Q2 2026 Revenue Results
Actual Revenue$29.78B
Expected Revenue$29.34B
Beat/MissBeat by +$440.10M
YoY Revenue Growth+3.40%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:HST Upcoming Earnings
Host Hotels & Resorts's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:HST Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed a strong operational quarter with multiple upside drivers: beats on EBITDA and FFO, RevPAR and margin expansion, raised full-year guidance, successful transformational capital programs, robust resort and Maui recoveries, and disciplined capital returns. Lowlights were largely timing- and event-related: incentive fees and higher commissions compressed near-term flow-through, condo closing timing reduced 2026 condo EBITDA, and sizable reinvestment and storm-driven reconstruction add near-term spend. Overall, the positives (organic growth, margin improvement, guidance raise, capital returns and balance sheet flexibility) materially outweigh the limited and largely manageable negatives.Company Guidance
Strong Q2 Operating & Earnings Beat
Adjusted EBITDAre of $525 million, up 5.8% year-over-year; adjusted FFO per share $0.63, up 8.6% year-over-year. Comparable hotel RevPAR +7% and comparable hotel total RevPAR +5.9% driven by rate growth and higher F&B revenue.
Margin Expansion
Comparable hotel EBITDA margin improved 60 basis points year-over-year to 31.9%. Full-year comparable hotel EBITDA margin guidance raised to +40–50 bps YoY with midpoint margin at 29.7% (50 bps above 2025).
Raised Full-Year RevPAR & EBITDA Guidance
2026 comparable hotel RevPAR and total RevPAR growth guidance increased to 4.75%–5.25% (midpoint ~5%). Full-year adjusted EBITDAre midpoint raised to $1.83 billion (a $20 million / ~1% improvement vs. prior midpoint).
Event & Market Tailwinds
World Cup contributed ~160 basis points to Q2 RevPAR and is now expected to add ~70 bps to full-year gross RevPAR (10 bps above prior expectation). June RevPAR in World Cup markets +15% vs. +12% in non-World Cup markets.
Resort & Maui Recovery
Maui: RevPAR +14%, total RevPAR +11%, occupancy +8+ percentage points in Q2; company expects Maui to contribute ~ $120 million of EBITDA in 2026 and to account for ~45 bps of full-year RevPAR growth.
Successful Capital Programs & ROI
Hyatt transformational program ~90% complete (5 of 6 hotels finished); Marriott transformational program ~37% complete and tracking on time/under budget. ~$2.1 billion of reinvestment across 34 hotels expected to represent ~60% of hotel EBITDA in 2026; 21 renovated properties stabilized with ~9-point average RevPAR index share gains.
Capital Return & Balance Sheet Flexibility
Paid quarterly dividend $0.20 and special dividend $0.72 (special funded by ~$500M taxable gain). Stated leverage ~2.2x post-dividend with investment-grade balance sheet, weighted average debt maturity 4.7 years and weighted avg interest ~4.8%. Stated available liquidity approximately $3.0 billion including $156 million FF&E reserves and $1.5 billion revolver availability.
Operational & Non-Operating Benefits
Insurance renewal improved (down 6% YoY) leading to ~$2.5 million expense reduction in 2026. Received $5 million of operating guarantees in Q2 and expect ~$19 million of operating profit guarantees in 2026 related to transformational programs.
Ancillary Revenue & Guest Spend Strength
Food & beverage revenue +6% with broad-based banquet/catering strength (banquet & catering +7%); golf revenue +9% (notably in Maui and Naples); spa revenue +4% with double-digit capture gains at select resorts—signaling strong premium leisure spending.
Recognition on ESG & Corporate Responsibility
Released 2026 corporate responsibility report and received recognitions including NAREIT Leader in the Light and inclusion in Dow Jones Best in Class indices; emissions target revalidated and advanced net-zero assessment rating from Moody's.
MX:HST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed